Learn about the Black-Scholes model, how it works, and how its formula helps estimate fair option prices by weighing ...

Structural equation modeling (SEM) encompasses such diverse statistical techniques as path analysis, confirmatory factor analysis, causal modeling with latent variables, and even analysis of variance ...

Governing equations in the form of ordinary and partial differential equations are valuable models for physical systems. However they can be difficult to derive, making them unknown, particularly for ...

Computational models and simulations have had an important role in engineering analysis since as far back as the 1960s. It is widely recognized that the use of modeling and simulation tools can make ...

Sometimes ecological data just don’t make sense. The sockeye salmon that spawn in British Columbia’s Fraser River offer a prime example. Scientists have tracked the fishery there since 1948, through ...

Pattern formation in physical, biological, and sociological systems has been studied for many years. One area where it has been of growing interest is in crime modeling. Pattern formation in physical, ...